help Using the acid - test ratio, which company has the...
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Using the acid - test ratio, which company has the greatest ability to pay its current liabilities? (Round your answer to two decimal places.) Company X Company Y Cash $22,000 $182,000 Short-term investments 47,000 13,000 Net current receivables 58,000 200,000 Merchandise Inventory 93,000 200,000 Total current liabilities 274,000 560,000 O A. 0.25 higher for Company Y B. 0.25 higher for Company X C. 0.13 higher for Company X OD. 0.13 higher for Company Y
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